To say last month was a crazy month of real estate would be an understatement. The Saskatoon Real Estate market saw record numbers in the month of June.
June 2020 Monthly Real Estate Roundup:
The unit sales had an increase of 38.4% over last June but year to date is down 3.6%. Low inventory levels and low interest rates helped stimulate this recent surge of activity. New listings coming to the market had an increase of 5.9% over last June although year to date they are down 11.6%. Even with this small increase, inventory levels remain quite low. The sales dollar volume also had a large increase of 36.1% over last June and down 1.4% for the year. With all this activity we actually saw property values increase by 3.1% over last June and are up 1.3% for the year.